https://www.taxtmi.com/forum/issue?id=106475 CENVAT credit on machinery need not be reversed when the owner leases plant and charges service tax on the lease; reversal is generally required only when capital goods are removed from factory for non-taxable use. Leasing the assets after surrendering manufacturing/BAS registration can still constitute a taxable service (renting of immovable property service or supply of tangible goods service), and there is no statutory provision mandating CENVAT reversal under the stated conditions, though auditors may challenge the position. en-us Thu, 30 Jan 2014 15:59:48 +0530 Thu, 23 Jan 2025 15:57:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106475 CENVAT credit on machinery need not be reversed when the owner leases plant and charges service tax on the lease; reversal is generally required only when capital goods are removed from factory for non-taxable use. Leasing the assets after surrendering manufacturing/BAS registration can still constitute a taxable service (renting of immovable property service or supply of tangible goods service), and there is no statutory provision mandating CENVAT reversal under the stated conditions, though auditors may challenge the position. Discussion-Forum Central Excise Thu, 30 Jan 2014 15:59:48 +0530 https://www.taxtmi.com/forum/issue?id=106475